Question

Robert and Rosie both invested $7,500 5 years ago. They both earned a 15% return, however Robert earned a simple

return of 15% and Rosie earned a compounded return of 15%. How did this difference in compounding affect their investments’ value today?

A. Robert will have $1,217 more than Rosie

B. Rosie will have $1,217 more than Robert

C. Robert will have $3,600 more than Rosie

D. Rosie will have $3,600 more than Robert

E. Their investments will be worth the same

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